Funding arb · Price arb /

ICP

all ICP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.019%

Price spread now: HTX against Gate+0.034%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1171.167% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.034%, 7d avg −0.036%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.070% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ICP_USDT	2.9430	0.0100	pay 0.0100% / 8h	4h 47m	$1.8M	$3.0M	50x
Short	HTX ICP-USDT	2.9440	0.0100	get 0.0100% / 8h	4h 47m	$103K	$176K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee HTXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.036%: $6.97
Slippage, 4 orders: −$89.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$109.7
Costs to cover: 1.167%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; HTX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 6 min ago	1.70 bp	22.1 bp −$22	44.4 bp −$444	67.0 bp −$6,697	doesn't fit
Sell HTX live order book, 9 min ago	15.19 bp	52.8 bp −$53	doesn't fit	doesn't fit	doesn't fit

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ICP-USD	0.0000%	1h	2.9445	+0.050%	$69K	$3K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	2.9411	−0.065%	$262	$464	50x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0011%	1h	2.9442	+0.041%	$22K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+0.799%	$202	$200K	12x	as long as short
Variational Omni ICP	+0.0092%	8h	2.9460	+0.101%	$1.1M	$116K	—	as long as short
Lighter ICP	+0.0096%	1h	2.9443	+0.044%	$157K	$485K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9451	+0.072%	$267K	$1.7M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9428	−0.005%	$133K	$10K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9432	+0.008%	$28.9M	$51.9M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9420	−0.034%	$17.0M	$18.6M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9440	+0.034%	$5.6M	$16.5M	50x	as long as short
Gate ICP_USDTlong	+0.0100%	8h	2.9430	long leg	$1.8M	$3.0M	50x
MEXC ICP_USDT	+0.0100%	8h	2.9440	+0.034%	$19.7M	$10.2M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9420	−0.034%	$4.8M	$12.8M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9440	+0.034%	$6.9M	$4.8M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9430	0.000%	—	$5.8M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9449	+0.063%	$23K	$281K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9442	+0.041%	$569K	$464K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9430	0.000%	$1K	$1.7M	20x	as long as short
HTX ICP-USDTshort	+0.0100%	8h	2.9440	+0.034%	$103K	$176K	20x
Phemex ICPUSDT	+0.0100%	8h	2.9400	−0.102%	$1.7M	$792K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9424	−0.019%	$22K	$124K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9430	0.000%	$1.2M	$2.2M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0320%	1h	2.9710	+0.951%	$67K	$63K	50x	as long as short
Hyperliquid ICP	+0.0381%	1h	2.9491	+0.207%	$4.5M	$4.9M	5x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0503% / S −0.0480%	1h	2.9448	+0.062%	$37K	—	100x	as long as short
Kraken Futures PF_ICPUSD	+0.0573%	1h	2.9447	+0.057%	$517K	$625K	50x	as long as short